Perhaps having something to do with the move in Apple (AAPL) is chatter the Nasdaq could be...

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oceanracer Comments (3)
 
I'll have the truck backed up to the loading dock, if and when this occurs.
15 Feb 2012, 01:44 PM Reply Like

JUDOKA Comments (209)
 
Maybe this will take the stock back to 315;the price at which the geniuses on CNBC said it would be dead in the water.
15 Feb 2012, 02:20 PM Reply Like

Keep It Simple Comments (349)
 
@ $315 I'd sell my sports car and go ALL in!
15 Feb 2012, 02:25 PM Reply Like

John1138 Comments (149)
 
Chinese Customs has waved away ProView's ban request.
15 Feb 2012, 02:26 PM Reply Like

bailinnumberguy Comments (1086)
 
I'm drawing Apple's effective trading range between $450 and $525 until further notice. Previously it was about $360 to $420. That's the nature of a stock. Moves from trends to ranges.
15 Feb 2012, 05:39 PM Reply Like

TruffelPig Comments (3334)
 
Everyone knows that, but your boundaries are somewhat arbitrary. Previously the market needed to tank to 1075 or Steve Jobs die for the stock to hit 360. 450 is likely too low as many will back up the truck there. But everyone knows it and must back up just a little earlier, and earlier etc. etc.
15 Feb 2012, 06:27 PM Reply Like

bailinnumberguy Comments (1086)
 
I'll bet you a coke that Apple is under 460 at some point this year and another coke that it'll also touch 600.
16 Feb 2012, 06:44 AM Reply Like

The Geoffster Comments (3716)
 
This article gave me the green apple quick step.
15 Feb 2012, 07:36 PM Reply Like

Michael Clark Comments (7805)
 
Thanks for sharing. (Too much information?)
16 Feb 2012, 04:50 AM Reply Like

plcombs Comments (57)
 
Apple makes some kind of significant adjustment a few weeks after earnings quite often, not a suprise and if you weren't expecting it, you should have been...

Is will likely slide down another 5 to 10%..dance around and regain traction about a month befpre next earnings...and then on to new highs...
15 Feb 2012, 10:24 PM Reply Like

TruffelPig Comments (3334)
 
Usually it falls faster than this time and the earnings this time were from another planet. I give it a max. 5% down from here, maybe less.
15 Feb 2012, 10:30 PM Reply Like

Brant Prewitt Comments (105)
 
It seems to me that this reversal is simply a natural correction in a great stock that has had a great run. However, given the recent reports regarding the big shift up in market share in the smartphone world, and a still relatively cheap forward P/E and low PEG ratio, I have to view this as a great opportunity to be long apple again. Unfortunately for me, I am no multimillionaire, and I'm certainly not arrogant enough to think I can call the exact bottom of this reversal, so I intend to be a buyer of call options tomorrow, as well as on the way down if the correction continues. I just can't see how revenues will slow or earnings will disappoint, and afterall isn't that what drives stocks?
15 Feb 2012, 11:43 PM Reply Like

bailinnumberguy Comments (1086)
 
Given the very heavy volume, I think the dramatic reversal was all machine driven. The RSI was way in overbought territory when the sudden reversal kicked in. The drop fired off stops and some decided to take profits when they saw the down trend. That's my story and I'm sticking to it.
16 Feb 2012, 06:50 AM Reply Like